Multiple Choice
Use the following to answer questions:
Figure: The Demand Curve for Crossings
-(Figure: The Demand Curve for Bridge Crossings) Look at the figure The Demand Curve for Bridge Crossings. Demand is price_____ between $0.90 and $1.10, since total revenue _____ when the price _____.
A) elastic; increases; decreases
B) inelastic; stays the same; decreases
C) unit-elastic; stays the same; increases
D) inelastic; increases; increases
Correct Answer:

Verified
Correct Answer:
Verified
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